CFO and deputy chairwoman of Huawei arrested in Vancouver & facing extradition to USA

☑︎#VoteDemocrat

The Original
WOAT
Supporter
Joined
Dec 9, 2012
Messages
328,729
Reputation
-34,065
Daps
635,020
Reppin
The Deep State





Canada arrests Huawei’s global chief financial officer in Vancouver
Canada arrests Huawei’s global chief financial officer in Vancouver

Robert Fife Ottawa Bureau Chief
Steven Chase
Ottawa
Published December 5, 2018 Updated 1 hour ago

Canada has arrested the chief financial officer of China’s Huawei Technologies who is facing extradition to the United States on suspicion she violated U.S. trade sanctions against Iran.

Wanzhou Meng, who is also the deputy chair of Huawei’s board and the daughter of company founder Ren Zhengfei, was arrested in Vancouver at the request of U.S. authorities.

“Wanzhou Meng was arrested in Vancouver on December 1. She is sought for extradition by the United States, and a bail hearing has been set for Friday,” Justice department spokesperson Ian McLeod said in a statement to The Globe and Mail. “As there is a publication ban in effect, we cannot provide any further detail at this time. The ban was sought by Ms. Meng.

A Canadian source with knowledge of the arrest said U.S. law enforcement authorities are alleging that Ms. Meng tried to evade the U.S. trade embargo against Iran but provided no further details..

U.S. prosecutors in New York have been investigating whether Huawei violated U.S. sanctions in relation to Iran. News of the probe broke in April 2018 when it was reported by the Wall Street Journal.


Since at least 2016, U.S. authorities have been reviewing Huawei's alleged shipping of U.S.-origin products to Iran and other countries in violation of U.S. export and sanctions laws.

The Justice Department probe, first reported by the Wall Street Journal in April, follows a series of U.S. actions aimed at stopping or reducing access by Huawei and Chinese smartphone maker ZTE Corp to the U.S. economy amid allegations the companies could be using their technology to spy on Americans.

The probe is reportedly being run out of the U.S. attorney’s office in Brooklyn, the sources said. However, a spokesman for the prosecutor’s office in April 2018 declined to confirm or deny the existence of the investigation.

Ms. Meng is a rising star at Shenzhen-based Huawei, now the world’s second-largest maker of telecommunications equipment. Reuters reported in 2013 that Ms. Meng served on the board of a Hong Kong-based Skycom Tech Co. Ltd. that later attempted to sell embargoed Hewitt Packard computer equipment to Iran’s largest mobile-phone operator.

At least 13 pages of the Skycom proposal were marked “Huawei confidential” and carried Huawei’s logo. Huawei has said neither it nor Skycom ultimately provided the HP equipment. HP said it prohibits the sale of its products to Iran.


-With files from Reuters
 

☑︎#VoteDemocrat

The Original
WOAT
Supporter
Joined
Dec 9, 2012
Messages
328,729
Reputation
-34,065
Daps
635,020
Reppin
The Deep State
Canadian Authorities Arrest CFO of Huawei Technologies at U.S. Request

wsj.com
Canadian Authorities Arrest CFO of Huawei Technologies at U.S. Request
Kate O’Keeffe and Stu Woo
4-5 minutes
im-40870


A sign board of Huawei’s at CES (Consumer Electronics Show) Asia 2018 in June. Photo: aly song/Reuters

Updated Dec. 5, 2018 6:22 p.m. ET

Canadian authorities in Vancouver have arrested Huawei Technologies Co.’s chief financial officer at the request of the U.S. government for alleged violations of Iranian sanctions, the latest move by Washington to crack down on the Chinese cellular-technology giant.

A spokesman for Canada’s justice department said Meng Wanzhou was arrested in Vancouver on Dec. 1 and is sought for extradition by the U.S. A bail hearing has been tentatively scheduled for Friday, according to the spokesman. Ms. Meng, the daughter of Huawei’s founder, Ren Zhengfei, serves as the company’s CFO and deputy chairwoman.

Ms. Meng’s arrest comes amid a year-long U.S. government campaign against a company it views as a national-security threat. In the past year, Washington has taken a series of steps to restrict Huawei’s business on American soil and, more recently, launched an extraordinary international outreach campaign to persuade allied countries to enact similar curbs.

BT Group PLC, Britain’s largest wireless carrier, said it was removing Huawei equipment from its systems that transfer calls and internet traffic. The company didn’t say why it was disclosing the move now.

The U.S. is seeking Ms. Meng’s extradition so as to have her appear in federal court in the Eastern District of New York, according to people familiar with the matter. A Huawei spokesman had no immediate comment on Ms. Meng’s arrest Wednesday.

The Wall Street Journal reported in April that the Justice Department had launched a criminal probe into Huawei’s dealings in Iran, following administrative subpoenas on sanctions-related issues from both the Commerce Department and the Treasury Department’s Office of Foreign Assets Control.

In 2007, Ms. Meng served as a board secretary for a Huawei holding company that owned Skycom Tech, a Hong Kong-based company with business in Iran and employees who said they worked for “Huawei-Skycom,” according to a person familiar with the matter.

U.S. authorities have suspected Huawei’s alleged involvement in Iranian sanctions violations since at least 2016, when the U.S. investigated ZTE Corp. , Huawei’s smaller Chinese rival, over similar violations. The Commerce Department released internal ZTE documents that showed the company studied how a rival identified only as “F7” had conducted similar business.

A ZTE representative didn’t immediately respond to a request for comment.

The document, dated August 2011, said F7’s proposal to acquire U.S. company 3Leaf was opposed by Washington. That identified the company F7 as Huawei, which tried to acquire 3Leaf in 2010, only to back away after a U.S. national-security panel recommended against approving the deal.

—Aruna Viswanatha, Nicole Hong and Paul Vieira contributed to this article.

Write to Kate O’Keeffe at kathryn.okeeffe@wsj.com and Stu Woo at Stu.Woo@wsj.com
 

Rarely-Wrong Liggins

Name another Liggins hot I'm just honest.
Staff member
Supporter
Joined
Apr 30, 2012
Messages
36,145
Reputation
12,748
Daps
139,266
Reppin
Staff
This sounds like Government interfering with the free market. I'm sure the usual suspects will come to her defense, right? :troll:
 

Guile

Superstar
Supporter
Joined
Aug 6, 2013
Messages
17,039
Reputation
1,200
Daps
50,490
I have one of these phones. :patrice:

Hmm, it sounds like China was up to some fukk shyt. But I can't believe this chick got caught slipping like this. She thought she could just travel like a normal person?
 

88m3

Fast Money & Foreign Objects
Joined
May 21, 2012
Messages
91,517
Reputation
3,811
Daps
163,284
Reppin
Brooklyn
I have one of these phones. :patrice:

Hmm, it sounds like China was up to some fukk shyt. But I can't believe this chick got caught slipping like this. She thought she could just travel like a normal person?

You share that phone.

She probably thought she was above the fray. Lol at her getting caught in one of their favorite money laundering hubs.
 

Strapped

Superstar
Joined
May 1, 2012
Messages
47,261
Reputation
4,396
Daps
59,241
Reppin
404
Is this a wake up call for russia & china that their citizens are not safe
 
Top